Unemployment Rate Drops to 9 Percent, 80,000 Nonfarm Payroll Jobs Added

The economy added 80,000 nonfarm payroll jobs in October, allowing the unemployment rate to drop to 9 percent from 9.1 percent. The jobs number was slightly below what economists had expected, which was 90,000 added jobs for October, according to consensus figures, but economists had expected the unemployment rate to stay unchanged. The brightest spot in the jobs report was the Labor Department's revision of previous unemployment figures. The department revised August's figure to 104,000...Full Story